In my previous post, I discussed the benefits of Individual Retirement Accounts. Hopefully I managed to convince some of you that opening an IRA is a smart idea for young investors. If so, here is a simple step by step guide to opening an IRA…
Step One – Choose a Broker
Your first step in the process [...]
What’s an IRA?
An IRA or Individual Retirement Account is a personal savings account that allows workers to save for retirement in a tax efficient manner. Any individual who receives earned income in a given year can contribute up to $5,000 in an IRA (click here to see how much you’re eligible for). Within an IRA, individuals [...]